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Nation’s debt has nearly reached its $16.7 trillion ceiling
With the Syrian crisis at least temporarily off the federal government’s front burner, Congress is turning its attention back to fiscal issues — most critically, the looming fight over raising the ceiling on federal debt. In Congress, the issue now has become entangled with a stopgap spending measure aimed at averting an Oct. 1 government shutdown, Republican efforts to defund the Affordable Care Act, proposed changes to Social Security and other “entitlement” programs, and a bipartisan effort at overhauling the tax code. Read more.
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